Jump to content

Global stock markets plunge

From Wikinews, the free news source you can write!

Friday, October 24, 2008

Stock markets around the world have fallen dramatically today. This is following the ongoing events in the financial world and related statements by several United Kingdom politicians, including Prime Minister Gordon Brown.

Stock markets worldwide fell dramatically today
Image: Rafael Matsunaga.

The British FTSE 100 index was one the indices that today suffered from large falls. It fell by 5.00% to slip below the four thousand mark, at 3,883.36 points.

Two of the major United States indices saw falls of over two per cent. The Dow Jones Industrial Average fell by 252.01 points (2.90%) to 8,439.24 by 17:30 UTC, while the Nasdaq Composite index experienced a 2.30% drop.

South American markets performed particularly badly today. By 17:30 UTC, the Argentinean MERVAL index had fallen by almost six per cent to 906.160 points, while the Brazilian Bovespa fell by 6.89% (2,328.45 points) to a value of 31,490.04.

David Buik of BGC Partners commented on today's falls. "It's carnage," he said. "Confidence is shot to ribbons. We need action now. It is a catastrophe that we have got to recession, but we have got to learn to live with it, and that means saving the markets."

Market data

17:30, 24 October, 2008 (UTC)
  • DJIA
    		•  8,378.47 Loss 312.78 Loss 3.60%
  • Nasdaq
    		•  1,564.55 Loss 39.36 Loss 2.45%
  • S&P 500
    		•  875.61 Loss 32.50 Loss 3.58%
  • S&P TSX
    		•  9,080.72 Loss 250.63 Loss 2.69%
  • IPC
    		•  16,899.20 Loss 899.78 Loss 5.06%
  • Merval
    		•  906.160 Loss 57.540 Loss 5.97%
  • Bovespa
    		•  31,490.04 Loss 2,328.45 Loss 6.89%
  • FTSE 100
    		•  3,883.36 Loss 204.47 Loss 5.00%
  • DAX
    		•  4,295.67 Loss 224.03 Loss 4.96%
  • CAC 40
    		•  3,193.79 Loss 117.08 Loss 3.54%
  • SMI
    		•  5,675.09 Loss 218.64 Loss 3.71%
  • AEX
    		•  245.92 Loss 11.93 Loss 4.63%
  • BEL20
    		•  1,918.08 Loss 65.06 Loss 3.28%
  • MIBTel
    		•  15,390.00 Loss 803.00 Loss 4.96%
  • IBEX 35
    		•  8,353.20 Loss 458.00 Loss 5.20%
  • All Ordinaries
    		•  3,831.60 Loss 107.70 Loss 2.73%
  • Nikkei
    		•  7,649.08 Loss 811.90 Loss 9.60%
  • Hang Seng
    		•  12,618.40 Loss 1,142.11 Loss 8.30%
  • KOSPI
    		•  938.75 Loss 110.96 Loss 10.57%
  • SSE Composite
    		•  1,839.62 Loss 35.94 Loss 1.92%


    Sources

    • Market Data — BBC News Online, October 24, 2008
    • Stock markets fall across the globe — Miami Herald, October 24, 2008
    • James Quinn. Dow Jones and Standard & Poor 500 tumble in global market sell-off — Telegraph.co.uk, October 24, 2008
    • Totales Globales Argentina — MERVAL, October 24, 2008 (Spanish)
    • Informaçōes de pregāo — Bovespa, October 24, 2008 (Portuguese)
    • Gordon Brown admits UK recession is likely — Times Online, October 22, 2008


      Share this article

    Email this story Share on Facebook Share on Telegram Share on WhatsApp Share on LinkedIn Share on WeChat

    Share on Twitter Share on Reddit Share on Bluesky Share on Mastodon



    This page is archived, and is no longer publicly editable.

    Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

    Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

    Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

    Note that some listed sources or external links may no longer be available online due to age.

    The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License

    This page is archived, and is no longer publicly editable.
    Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

    Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

    Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

    Note that some listed sources or external links may no longer be available online due to age.

    The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
    Retrieved from "https://en.wikinews.org/w/index.php?title=Global_stock_markets_plunge&oldid=4818959"